Word: exchangees
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Dates: during 1950-1959
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Now Argentina, intent on curing its economic ills, needs to cut beef consumption and restore it to its historic role as a foreign-exchange earner. One day Amalia Ferrer, wife of an insurance-company employee, said to her butcher: "Carlos, two kilos of beefsteak." Carlos cut the thick slices, said...
In the internal free-for-all that followed Pakistan's birth as a nation, Kassim and Abdullah Bhatti, sons of two fisherman brothers, built up a gold-smuggling empire so vast that prices on the Karachi bullion exchange fluctuated whenever the Bhattis brought in a shipment. Commanding a fleet...
But Castro gave no quarter. He published the land-reform decree in the official gazette, ending the last hopes that it would be softened before becoming law. Major terms: foreign land companies, i.e., U.S.-owned sugar firms, must give up their plantations within a year, in exchange for government bonds...
Banker Harold Holmes Helm, 58, expansion-minded chairman of Manhattan's Chemical Corn Exchange Bank, long had his "loving eye" on the New York Trust Co. He knew that a minority of New York Trust shareholders wanted to sell out if they could get a good price. New York...
The merger will be the second in the last five years, during which the bank's deposits have more than doubled. Kentucky-born Harold Helm went to work for the 135-year-old Chemical Bank in 1920 straight from Princeton, was made assistant cashier six years later at 25...